Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity.
| MLS # | W13852858 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 30 |
| Listing Provided By | JDL REALTY INC. | W13852858 162600 |
| Bed(s) | 14 |
|---|---|
| Bath(s) | 7 |
| Story(s) | 2 |
| Acreage | 0.07 |
| Interior Features | Carpet Free, Built-In Oven |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Rooms Total | 9 |
| Roof | Asphalt Rolled |
|---|---|
| Foundation Details | Concrete Block, Brick |
| Construction Materials | Brick |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 8501.81 |
|---|---|
| Tax Legal Description | PLAN 550 PT LOT 4 AND RP 66R10623 PART 6 |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W01 |
| Postal Code | M6R 2C6 |
| Area | Roncesvalles |
| Listing VS Median (in M6R 2C6) | |
Price: $4,300,000 low | high Med: $0 On site: 30 low | high Med: | |
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W01 |
| Postal Code | M6R 2C6 |
| Area | Roncesvalles |
| Listing VS Median (in M6R 2C6) | |
Price: $4,300,000 low | high Med: $0 On site: 30 low | high Med: | |